Canada Life Asset Management today announces the launch of the LF Canlife Sterling Short Term Bond Fund.
The Fund, which is suitable for institutional investors, aims to provide stability of capital and an income through investment in sterling-denominated short-term fixed income and variable rate bonds including money market instruments. The fixed income instruments may include commercial paper, certificates of deposit, floating rate notes and short-dated bonds. The Fund may also use short term deposits. All assets will be rated between AAA and A at the point of purchase.
The Fund is managed by Steve Matthews, Liquidity Fund Manager, who has over 20 years’ experience managing Canada Life Asset Management’s liquidity funds for a number of institutional clients as well as strategic partners. This includes the LF Canlife Sterling Liquidity Fund, which has over £670 million* in assets under management and recently marked its five-year anniversary.
Steve Matthews, Fund Manager, Liquidity at Canada Life Asset Management, said: “Following the strong demand from institutions for the LF Canlife Sterling Liquidity Fund, we are broadening our suite of vehicles for investors with short and medium-term cash requirements. With the launch coming at a time of economic and market uncertainty, the Fund aims to generate a return on investors’ short-term deposits and manage cash flow efficiently, whilst also strategically putting cash reserves to play in markets.”
*As at 31/05/2022
**As at 31/03/2022
The value of investments may fall as well as rise and investors may not get back the amount invested.
No guarantee, warranty or representation (express or implied) is given as to this document’s accuracy or completeness.
The LF Canlife Sterling Liquidity Fund is a UCITS scheme and a standard variable net asset value (VNAV) money market fund (MMF). The MMF is not a guaranteed investment, nor does it receive external support to guarantee its liquidity. Unlike bank deposits, investment in MMFs can fluctuate and investors’ capital is at risk.
Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited, Canada Life Limited and Canada Life European Real Estate Limited. Canada Life Asset Management Limited (no. 03846821), Canada Life Limited (no.00973271) and Canada Life European Real Estate Limited (no. 03846823) are all registered in England and the registered office for all three entities is Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.